* What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuits* How familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?

If you fail to follow the rules, you may open your personal assets to a lawsuit.

They understand the law and keep you from fair housing violations or lawsuits.

It started due to law suit back in the day.

They did change their name to avoid people finding out about their bad reviews and law suits.

Another would be to look into a home that has an ADU on the property (mother in law suite or detached living unit) that you can rent out.  

Follow thru on your lawsuit.

As a matter of course, all these companies keep very little cash on hand (or in their bank accounts), so as not to appear as easy targets for a lawsuit, should any over zealous attorney (or tenant) go snooping.Bookkeeping for this process gets a little involved, but once you train yourself, isn't difficult.

Here's a snapshot of our situation:Moving summer 2021Approved for a conventional loan up to $700K @ 3.1% (the highest we are interested in going)Looking for detached living suites, in-law suites, or "separated" basements (once again, privacy is major for us)Ideal rental income would be at least $1K (obviously property dependent) Currently focusing on single family homesLooking for "hot" rental areas that will still enable us to have a home with things such as a yardI'll pause there.

I'm assuming you mean protect your personal/other assets from a lawsuit pertaining to this first rental, correct?